Sunday, February 21, 2021 10:03:41 AM
GOOD FIND! I knew about Paul Strickland's involvment with HUML, but was not aware of the Endicott hookup. I will check it out!
It appears several companies are loosely tied together under Strickland's scamming umbrella! Three of the them, VGLS, SPRV, and BAYP have all been recently sued to collect past due debts and all have quickly, i.e. within 6 weeks, agreed to million dollar+ Settlements. It's all too "convenient"!
The lawsuit Settlements are being paid using each of the defendant company's stock. No wonder SPRV and BAYP did REVERSE SPLITS without decreasing the Authorized Share limit! Each needed the extra available shares! The newly printed shares are NOT RESTRICTED, meaning the shares are being dumped into the market every trading day. In some cases it could take months to complete the Settlements, as the benefactor of the lawsuits, Top Knot, Inc. can hold no more than 9.99% of any of the company's outstanding common shares at any one time. Some of the proceeds from the VGLS and SPRV Settlements appear to be indirectly going to Strickland, who sold his personal services contracts to John Kellas to collect. A second John Kellas lawsuit just hit BAYP, but the charging document has not yet been made public. It could well include more debt that was bought from Strickland.
John Kellas, the guy who in August 2020 did the cut & paste scramble to prepare all three company's delinquent financial reports, is now the Plaintiff in all the lawsuits. IMO, the bogus setups are all being choreographed by Strickland and his Top Knot pal, John Kellas. For certain John Kellas and Top Knot now control BAYP and SPRV, via Preferred Series A Shares holdings.
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